U.S. stock futures were higher this morning, with the Dow futures gaining around 200 points on Wednesday.
Shares of Texas Instruments Incorporated (NASDAQ:TXN) fell sharply in pre-market trading after the company posted second-quarter results.
Texas Instruments reported quarterly earnings of $1.41 per share which beat the analyst consensus estimate of $1.33 per share. The company reported quarterly sales of $4.448 billion which beat the analyst consensus estimate of $4.329 billion.
Texas Instruments shares dipped 12% to $189.15 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
- Telix Pharmaceuticals Limited (NASDAQ:TLX) fell 7.9% to $15.00 in pre-market trading after the company issued an update on its commercial and operational performance for the quarter ended 30 June.
- Enphase Energy, Inc. (NASDAQ:ENPH) fell 7.5% to $39.32 in pre-market trading. Enphase Energy posted upbeat second-quarter earnings. However, Enphase anticipates third-quarter revenue of $330 million to $370 million versus estimates of $363.25 million.
- ON Semiconductor Corporation (NASDAQ:ON) shares fell 6.3% to $58.50 in pre-market trading. ON Semiconductor shares gained 3% on Tuesday after Susquehanna maintained a Positive rating and raised its price target from $50 to $75.
- Microchip Technology Incorporated (NASDAQ:MCHP) dipped 6.2% to $70.60 in pre-market trading.
- Analog Devices, Inc. (NASDAQ:ADI) fell 5% to $223.78 in pre-market trading.
- NXP Semiconductors N.V. (NASDAQ:NXPI) declined 4.8% to $216.82 in pre-market trading. The company released quarterly results on Monday.
- Canadian National Railway Company (NYSE:CNI) fell 4.6% to $95.71 in pre-market trading following downbeat quarterly results.
- SAP SE (NYSE:SAP) fell 4.3% to $292.92 in pre-market trading following second-quarter results.
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